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$609,900
Est. payment /mo
4,906 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,906 sqft
Price per Sqft $124
MLS Listing ID 21439394
Year Built 1984
Lot Size 1.000 Acres
Property Sub-Type Office
Property Description
Excellent opportunity to acquire a well-located multi-unit asset in one of Hoover's most stable and high-demand commercial corridors. Current in-place rents remain below market, creating immediate and measurable upside through strategic rent repositioning. Building consists of 6 offices, and a full basement for storage. Market conditions support significantly higher rent rates, offering investors the ability to drive increased cash flow through lease renewals and operational optimization. The property is currently operated with landlord-friendly terms, leaving additional room to enhance NOI through future expense reallocation if desired. The building has been well maintained, featuring a relatively newer roof and HVAC systems that are in good working condition with consistent service history. Tenants share responsibility for HVAC replacement costs, providing long-term protection against major capital expenditures. Water service is included, supporting tenant satisfaction and occupancy
Location
State AL
County Jefferson
Area Bluff Park, Hoover, Riverchase
Interior
Interior Features Sheetrock
Heating Gas (HEAT)
Cooling Central-Electric
Flooring Wall-to-Wall Carpet
Exterior
Parking Features 11+
Building
Sewer Septic
Water Public Water
Others
Financing Cash,Conventional
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Listed by Goal Realty LLC
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